Greece
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Winter sales off to slow start
The winter sales got off to a sluggish start in their first week for the most part, with traders noting a sense of weariness on the part of consumers.
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Construction activity drops dramatically
Greek public and private building activity, measured by the number of permits issued, fell almost 8 per cent in September from a year earlier, the Hellenic Statistical Authority sa
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Thessaloniki extortion gangs smashed
The suicide of a Thessaloniki businessman last year led to the unraveling of four extortion gangs and the arrest of 53 suspects
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Welfare benefits on government’s radar
All welfare benefits currently granted by the state are set to be scrutinized by officials at the Health Ministry in the coming months.
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Rate cuts for ancient sites
The Acropolis, Greece’s star attraction for 2,500 years, may be preparing for a bigger role
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English law set to rule new Greek bonds
“The request from our creditors, that the new bonds be governed by English law has not been accepted,” Prime Minister Lucas Papademos declared.
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Slow progress as clock ticks
A week after talks between Greece and its creditors, hit an impasse, the two sides remain bogged down over the interest payment.
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PASOK aims for March 18 leadership vote
PASOK is due to hold elections for a new leader on March 18 and officials close to current party chief George Papandreou insist that he has no intention in taking part.
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Poll shows withering support for PASOK and Papademos
PASOK’s declining popularity is threatening to consign the party that has dominated Greek politics for the past three decades to also-ran status at the next general elections, acco
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Most firms plan layoffs
Seven out of ten Greek companies are expecting to go ahead with staff cuts in the next few months.